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CNBC
Oct 9, 2012 9:00am EDT
when you're looking at what the economy is going to do. >> one of the things alcoa has been able to do, particularly with the ceo, is take aluminum and replace a lot of other different metals, whether it be steel in cars because it's much lighter and therefore you use less gasoline. airplanes because again it produces the gasoline use. by the way, it does construct electricity, maybe not as sufficiently in copper but it is used in china. when you look at a can, you know it is recycled over and over again. the skin of an apple ipad, i mean, aluminum has become the fundament. aluminum has been hit by football hedge funds and we have chinese people producing huge amounts of aluminum. if they would close that and let alcoa come in, then you would see a much better number from alcoa. i'm urning people not to look at the earnings per share. that is not going to be -- what you need to do when look at alcoa is look at the individual forecast that he makes. when you see him as a man of his word, this is the barometer i look at not set up by a particular group of people other than a major compan
CNBC
Oct 8, 2012 9:00am EDT
roadmap starts off in china. a lower economic forecast from the world bank? is their economy getting even worse? >> earnings season here begins tomorrow with alcoa, costco, jpmorgan highlighting the week. we'll tell you why alccoa is a tell on how earnings will go. >> more worries for apple investors. reported work stoppages at foxconn. the stock now below the 50-day moving average. >> and huawei is sparking new concerns about cyber security. >> we begin with markets around the globe under pressure on global slowdown worries. 7.7% growth in china down from a previous forecast of 8.2%. the world bank citing weak global demand due to the european crisis and a slow u.s. recovery. data from europe showing industrial output in germany fell .5% in august. lots to digest. the world bank note was interesting. what they pointed out was a lot of chinese cities that had these aggressive and ambitious spending, stimulus plans to rebuild the cities might have trouble running into funding for these projects. >> i think a lot of the data that we see today is catch-up. there's just not a lot of good news
CNBC
Oct 12, 2012 9:00am EDT
's conference call saying mortgage standings are high, we need a stronger economy to loosen credit. and he also said the basel capital requirements are a huge incentive not to lend to anybody who has less than a 680 credit score. >> i think that's right. the national association of realtors putting out that -- the way a lot of deals get killed, if you're in the real estate market, what you're trying to buy doesn't appraise. what you're trying to buy for more than the last comp. -- obviously the last comp. housing wasn't doing as well so you're struck with previous figures. this is now -- we were buying houses 120% of loan to value, and all the people who did that are gone. so now you have people who are serious lenders basically saying, look, we'll give you the money, provided you have the money in the bank. >> right. we talk a lot about incredibly low mortgage rates but not seeing what we have anticipated. >> right. we ought to wrap this up. >> all right. >> we could keep going. only 20 minutes. >> i wanted to always do this. i don't have what's known as an ifb on "mad money." and there's alwa
CNBC
Oct 10, 2012 9:00am EDT
, some people may feel good about alcoa but it is what they say about the global economy, what they're seeing in the end markets and how did you interpret that? >> got to go case by case as klaus klein loves to detail case by case, a ceo finally been able to explain the real economier have sups tversus the aluminum company. you buy aerospace and autos in the u.s., ford is challenged by europe, gm is challenged by europe but autos are strong. construction up in the air, actual sheet rolled just okay. most importantly, i felt was he gave you hope about china. he didn't just take it away. he's talking about china doing better. trucks are horrible, we knew that from cummins. ebitda not so bad but cash flow not that hot. >> you couple it with cummins, lowering for the year, going to cut 1,500 jobs, going to start cutting work weeks, is this just cyclical slowdown? they say when the cycle inevitably comes back, these cuts will leverage them for better performance. >> the truck population is not young anymore. so i'm not saying, i want to say it is cyclical. people are very much underestim
CNBC
Oct 11, 2012 9:00am EDT
of housing. unique time in the history of the economy of this country and this is absolutely a pure play. we're not a builder. we're not a retail. we're not home depot or sherwin williams. we are a fee-for-service. we represent 93% of the business. so it is a terrific opportunity. >> the company went private at about 12.7 times, there are those who say that that number itself may be overstated, that you take a lot of one-time expenses that should be excluded. how do you respond to those who say those one-time expenses keep occurring and therefore we are a little concerned. >> actually one-time expenses will abate over time. those are legacy issues. i think the real attractiveness is the free cash flow generation of this company. we're essentially eliminating half of our interest expense. deleveraging of the company and a macro environment will contribute substantially to the benefit of our shareholders. >> you think you can also refinance? you have about a 7.5% cost-to-cap at this point. >> listen, this creates optionality and we're going to be in the position of having the option to do a va
Search Results 0 to 4 of about 5